Fox Lake Towing and Recovery

When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010′s record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiations to regain some of what autoworkers gave up in concessions during the downturn.

Continue reading UAW Head Uses Ford CEO’s $50 Million Payday to Rally Union for Talks

UAW Head Uses Ford CEO’s $50 Million Payday to Rally Union for Talks originally appeared on DailyFinance on Tue, 22 Mar 2011 16:50:00.

Filed Under: Company News, Economy, Ford Motor Co, Toyota, General Motors, Autos, Chrysler

UAW delegates will gather next week in Detroit, as the union works out a strategy to negotiate with domestic automakers for a new four-year contract. The current pact expires in September, and with auto sales rebounding the UAW is eager to win back some concessions.

Continue reading UAW Seeks to Regain Concessions as Contract Talks Loom

UAW Seeks to Regain Concessions as Contract Talks Loom originally appeared on DailyFinance on Thu, 17 Mar 2011 15:00:00.

Filed Under: Company News, Economy, People, Ford Motor Co, General Motors, Autos, Chrysler

It’s still too early to measure how a devastating earthquake and tsunami in Japan will impact the U.S. economy. A few things, however, are all but certain.

Continue reading How Will the Japan Earthquake Affect the U.S. Economy?

How Will the Japan Earthquake Affect the U.S. Economy? originally appeared on DailyFinance on Mon, 14 Mar 2011 09:30:00.

Filed Under: Honda Motor Co, Ford Motor Co, Apple, Toyota, General Motors

Citigroup is the most-shorted stock on any major U.S. exchange. Its position at the top of the pack is due to the bank’s stock price and ongoing concern about its balance sheets and mortgage foreclosure practices.

Continue reading Citigroup: The Most-Shorted Stock in America

Citigroup: The Most-Shorted Stock in America originally appeared on DailyFinance on Thu, 10 Mar 2011 06:30:00.

Filed Under: JP Morgan Chase, Ford Motor Co, Bank of America, Citigroup, Credit

Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company’s stunning turnaround, which resulted in the automaker raking in $6.6 billion last year — its best performance in more than a decade.

Continue reading Ford Awards Top Two Execs $99 Million in Stock for Turnaround

Ford Awards Top Two Execs $99 Million in Stock for Turnaround originally appeared on DailyFinance on Tue, 08 Mar 2011 15:18:00.

Filed Under: Company News, Economy, Ford Motor Co, Autos